S.Amdt. 3200

SA 3200. Ms. COLLINS (for herself and Mr. Casey) submitted an
amendment intended to be proposed to amendment SA 3060 proposed by Mr.
Wyden to the bill H.R. 3474, to amend the Internal Revenue Code of 1986
to allow employers to exempt employees with health coverage under
TRICARE or the Veterans Administration from being taken into account
for purposes of the employer mandate under the Patient Protection and
Affordable Care Act; which was ordered to lie on the table; as follows:

Beginning on page 32, strike line 12 and all that follows
through page 35, line 10, and insert the following:

SEC. 127. PERMANENT EXTENSION OF EXPENSING LIMITATION.

(a) Dollar Limitation.--Section 179(b)(1) is amended by
striking ``shall not exceed'' and all that follows and
inserting ``shall not exceed $250,000.''.
(b) Reduction in Limitation.--Section 179(b)(2) of such
Code is amended by striking ``exceeds'' and all that follows
and inserting ``exceeds $800,000.''.
(c) Inflation Adjustment.--Subsection (b) of section 179 of
such Code is amended by adding at the end the following new
paragraph:
``(6) Inflation adjustment.--
``(A) In general.--In the case of any taxable year
beginning in a calendar year after 2014, the $250,000 in
paragraph (1) and the $800,000 amount in paragraph (2) shall
each be increased by an amount equal to--
``(i) such dollar amount, multiplied by
``(ii) the cost-of-living adjustment determined under
section 1(f)(3) for the calendar year in which the taxable
year begins, by substituting `calendar year 2013' for
`calendar year 1992' in subparagraph (B) thereof.
``(B) Rounding.--
``(i) Dollar limitation.--If the amount in paragraph (1) as
increased under subparagraph (A) is not a multiple of $1,000,
such amount shall be rounded to the nearest multiple of
$1,000.
``(ii) Phaseout amount.--If the amount in paragraph (2) as
increased under subparagraph (A) is not a multiple of
$10,000, such amount shall be rounded to the nearest multiple
of $10,000.''.
(d) Computer Software.--Section 179(d)(1)(A)(ii) of such
Code is amended by striking ``and before 2014''.
(e) Election.--Section 179(c)(2) of such Code is amended by
striking ``and before 2014''.
(f) Special Rules for Treatment of Qualified Real
Property.--
(1) In general.--Section 179(f)(1) of such Code is amended
by striking ``beginning in 2010, 2011, 2012, or 2013'' and
inserting ``beginning after 2009''.
(2) Conforming amendment.--Section 179(f) of such Code is
amended by striking paragraph (4).
(g) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2013.
At the appropriate place, insert the following:

TITLE __--OTHER PROVISIONS

SEC. _01. PERMANENT DOUBLING OF DEDUCTIONS FOR START-UP
EXPENSES, ORGANIZATIONAL EXPENSES, AND
SYNDICATION FEES.

(a) Start-Up Expenses.--
(1) In general.--Clause (ii) of section 195(b)(1)(A) is
amended--
(A) by striking ``$5,000'' and inserting ``$10,000'', and
(B) by striking ``$50,000'' and inserting ``$60,000''.
(2) Conforming amendment.--Subsection (b) of section 195 is
amended by striking paragraph (3).
(b) Organizational Expenses.--Subparagraph (B) of section
248(a)(1) is amended--
(1) by striking ``$5,000'' and inserting ``$10,000'', and
(2) by striking ``$50,000'' and inserting ``$60,000''.
(c) Organization and Syndication Fees.--Clause (ii) of
section 709(b)(1)(A) is amended--
(1) by striking ``$5,000'' and inserting ``$10,000'', and
(2) by striking ``$50,000'' and inserting ``$60,000''.
(d) Effective Date.--The amendments made by this section
shall apply to amounts paid or incurred in taxable years
ending on or after the date of the enactment of this Act.

SEC. _02. CLARIFICATION OF CASH ACCOUNTING RULES FOR SMALL
BUSINESS.

(a) Cash Accounting Permitted.--
(1) In general.--Section 446 is amended by adding at the
end the following new subsection:
``(g) Certain Small Business Taxpayers Permitted To Use
Cash Accounting Method Without Limitation.--
``(1) In general.--An eligible taxpayer shall not be
required to use an accrual method of accounting for any
taxable year.
``(2) Eligible taxpayer.--For purposes of this subsection,
a taxpayer is an eligible taxpayer with respect to any
taxable year if--
``(A) for all prior taxable years beginning after December
31, 2013, the taxpayer (or any predecessor) met the gross
receipts test of section 448(c), and
``(B) the taxpayer is not subject to section 447 or 448.''.
(2) Expansion of gross receipts test.--
(A) In general.--Paragraph (3) of section 448(b) is amended
by striking ``$5,000,000'' in the text and in the heading and
inserting ``$10,000,000''.
(B) Conforming amendments.--Section 448(c) is amended--
(i) by striking ``$5,000,000'' each place it appears in the
text and in the heading of paragraph (1) and inserting
``$10,000,000'', and
(ii) by adding at the end the following new paragraph:
``(4) Inflation adjustment.--In the case of any taxable
year beginning in a calendar year after 2014, the dollar
amount contained in subsection (b)(3) and paragraph (1) of
this subsection shall be increased by an amount equal to--
``(A) such dollar amount, multiplied by
``(B) the cost-of-living adjustment determined under
section 1(f)(3) for the calendar year in which the taxable
year begins, by substituting `calendar year 2013' for
`calendar year 1992' in subparagraph (B) thereof.
If any amount as adjusted under this subparagraph is not a
multiple of $100,000, such amount shall be rounded to the
nearest multiple of $100,000.''.
(b) Clarification of Inventory Rules for Small Business.--
(1) In general.--Section 471 is amended by redesignating
subsection (c) as subsection (d) and by inserting after
subsection (b) the following new subsection:

[[Page S3137]]

``(c) Small Business Taxpayers Not Required To Use
Inventories.--
``(1) In general.--A qualified taxpayer shall not be
required to use inventories under this section for a taxable
year.
``(2) Treatment of taxpayers not using inventories.--If a
qualified taxpayer does not use inventories with respect to
any property for any taxable year beginning after December
31, 2013, such property shall be treated as a material or
supply which is not incidental.
``(3) Qualified taxpayer.--For purposes of this subsection,
the term `qualified taxpayer' means--
``(A) any eligible taxpayer (as defined in section
446(g)(2)), and
``(B) any taxpayer described in section 448(b)(3).''.
(2) Increased eligibility for simplified dollar-value lifo
method.--Section 474(c) is amended by striking ``$5,000,000''
and inserting ``the dollar amount in effect under section
448(c)(1)''.
(c) Effective Date and Special Rules.--
(1) In general.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2013.
(2) Change in method of accounting.--In the case of any
taxpayer changing the taxpayer's method of accounting for any
taxable year under the amendments made by this section--
(A) such change shall be treated as initiated by the
taxpayer;
(B) such change shall be treated as made with the consent
of the Secretary of the Treasury; and
(C) the net amount of the adjustments required to be taken
into account by the taxpayer under section 481 of the
Internal Revenue Code of 1986 shall be taken into account
over a period (not greater than 4 taxable years) beginning
with such taxable year.
______